Australian developer Lendlease sold 215 of the 429 residential units at Park Place Residences last Saturday, 25th March 2017. Park Place Residences is part of the Paya Lebar Quarter.
Lendlease had earlier planned to release 40% of the units but due to overwhelming response, an additional 10% of the units were added to the available units. Prices ranged from about $800,000 to 2.1 million for a one and three bedroom unit respectively. The per square foot prices ranged from about $1,600 per square foot to $2,000 per square foot.
Prices of the remaining units are expected to increase.
Lendlease has closed the showflat. Details of the next phase of sales are expected to be revealed later this year. The development is slated to be completed in 2019.